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Posted by: urt8sant39 (IP Logged)
Date: May 16, 2017 09:37AM

? as company prepares for massive upgrade this year Chairman of Banks DIH Limited Mr. Clifford Reis has outlined several key plans that will see the snack/beverage giant undergoing massive upgrades this year. Reis was speaking to the company?s shareholders at the recently held 59TH Shareholders Meeting in New Amsterdam.The complete modernization of the brewery and bottling plant; a new oven; installation of an in- line Blowing Equipment for bottles; relocation of a more expanded vehicle workshop; a brand new technical training facility at Thirst Park; and refurbishment of their Demico House branches are just some of the plans in the pipeline for massive upgrades of the company in 2015.Mr. Reis (right) with Edinburgh Primary teacher and student after making a $100,000 donation at the meeting.The modernization of the Brewery and Beer Bottling Plant, with the installation of a new Krones Filler, he said, ?will ensure that the bottling of our Malt products is completed within the required efficiencies and the minimum of interruptions which Plants such as ours experience when multiple packaging sizes are filled on any one day.?Reis said that the new Oven for the baking of cookies and crackers will be installed within the second quarter. This acquisition, he noted, will resolve the inefficiencies and cost over-runs currently experienced in the production of biscuits, due to obsolete equipment.?Our Bottled Water operations will be further upgraded with the installation of in-line Blowing Equipment for the PET bottles used in the production of our Tropical Mist, Aqua Mist and Rain Forest Brands of water. The inefficiencies associated with the present system of moving blown bottles from the Soft Drink Plant to the Water Plant will be eliminated. The production of the institutional sizes of Tropical Mist will be improved with the refurbishing of the Plant used in the production of those sizes.?Banks DIH has also proposed to relocate the operations of the Vehicle Workshop to the new Workshop to be built within the Caribanks Compound. The existing space,[url=http://www.salecheapjerseys.us@#$%&/]NFL Jerseys China Wholesale[/url], Reis said, will be incorporated into the Thirst Park Stores.?With the installation of the new technical training facility at Thirst Park, which was completed with the kind assistance of Krones Company out of Germany, it is proposed to enhance the technical skills of our Engineering Staff and Plant operatives by way of on-line training and tutorials which will be web based.?Additionally, the company plans to embark on a massive refurbishment of its Demico House operations. ?The restoration of the fabric of Stabroek Property in addition to the upgrade of the customer areas and kitchen facilities will further strengthen the relationship we enjoy with the members of the public who visit and support our restaurants,[url=http://www.salecheapjerseys.us@#$%&/]NFL Cheap Jerseys China[/url],? Reis stated.?We will continue in this year, the programme which was started in the 2012-2013 financial year to prudently manage our finances and to enhance cost savings by reducing waste and eliminating inefficiencies.??My fellow shareholders, as you are undoubtedly aware from the reports in the media that the price per barrel of oil has reduced drastically. Recent comments from Oil Industry Executives and Financiers suggest that the price per barrel may well reach the $40.00 mark. We have already started to experience reductions for items such as Preforms which are petroleum derived. We await expectantly to see meaningful reduction in price at the pumps for fuel purchased for our transport fleet and power generation.?Reis expressed caution and some fear too as the company envisions such expansion in the wake of Guyana having General and Regional Elections a few months away, but expressed optimism of a smooth, problem-free election period.?Our vision for 2015,[url=http://www.cheapestnfljerseys.us@#$%&/]Jerseys NFL Wholesale[/url], even though we remain upbeat and plan for the future,[url=http://www.wholesalenfljerseyssale.us@#$%&/]Cheap Jerseys From China[/url], is tempered by the uncertainties, which past experiences have said to us accompany National Elections. These uncertainties when combined with those which can negatively impact certain sectors of the economy such as sugar and rice markets, say to us that prudence and some caution will have to guide our decision-making and activities in 2015.?The Chairman made a loud call, too, for ?a level playing field? for tax collection by the Guyana Revenue Authority (GRA),[url=http://www.cheapestnfljerseys.us@#$%&/]Cheap Jerseys From China[/url], and  removal of tax levies from certain products.The taxes paid by Banks DIH, less VAT taxes amounted to $5.256 billion or $14.5 million per day, including Saturdays, Sundays and holidays, Reis stated.This amount in taxes is equal to four percent of the total taxes collected by the Guyana Revenue Authority – $132 billion in 2014.?The time is now to level the playing field for the Excise Tax calculation on alcoholic beverage in accordance with the Excise Tax Act which states: taxable goods imported and not warehoused; taxable goods imported and warehoused and removed from the warehouse; taxable goods manufactured in Guyana and removed from the warehouse; taxable goods manufactured and sold in Guyana.?He said, too, that the time is now to go after the smugglers and illegal importers of alcoholic beverages.?The time is now to remove the VAT Tax on Registered Fast Food Restaurants because it is somewhat difficult to compete with the food vendors in the street. We must remember that the Fast Food Business is for the working class.?Reis sounded his disgust over the matter. ?We have talked enough fellow shareholders. What we want is action now, not tomorrow, next week or next month,[url=http://www.cheapjerseysauthenticonline.us@#$%&/]Cheap Jerseys Free[/url], but now in this year?s Budget presentation.?



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